The Simply Good Foods pany(SMPL) - 2025 Q1 - Earnings Call Presentation

Financial Performance - Net sales increased by 10.6% to $341.3 million, driven by the OWYN acquisition[10, 26] - Gross margin was 38.2%, exceeding estimates[10] - Adjusted EBITDA grew by 13.1%[10] - Net income was $38.1 million, compared to $35.6 million in the previous year[10] Brand Performance - Total Simply Good Foods Q1 retail takeaway increased approximately 8%[9] - Quest Q1 retail takeaway increased 10%, with Snacks and Bars increasing about 19% and 1% respectively[11] - Atkins Q1 retail takeaway declined 4%, an improvement from the previous quarter's 5% decline[14] - OWYN's retail takeaway increased by 67%, with measured channels growing by 39% and unmeasured channels by 81%[17] Outlook and Strategy - The company reaffirms its fiscal year 2025 outlook, expecting net sales growth in the 4-6% range and Adjusted EBITDA growth slightly greater than the net sales increase[10] - The company anticipates fiscal year 2025 combined interest income and GAAP interest expense of approximately $23-25 million[32] - The company expects higher ingredient and packaging costs to pressure gross margin in fiscal year 2025[35]